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Sony Cuts Price of PlayStation, PS2

Time: 09:10 EST/14:10 GMT | News Source: Reuters | Posted By: Byron Hinson

Sony Corp said on Monday it cut the U.S. price of its PlayStation 2 game console by one-third and halved the price of its older PlayStation One, a preemptive move expected to touch off a round of discounting by rivals. Effective immediately, the PS2 will cost $199 in the United States, down from $299, while the first-generation PSX will sell for $49, down from $99. Prices for accessories and extra controllers will also be reduced, Sony said in a statement. Sony will also consider future price cuts on its game software, an executive said.

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